Glenelg East is a smaller suburb in South Australia within the Holdfast Bay local government area (postcode 5045). With a population of 3,855, the suburb has an established demographic with a median age of 43. Households earn a median income of $87K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenelg East is $1.7 million, having surged 14.5% over the past year. The current median weekly rent is $582. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,950.
Glenelg East is served by 1 school, including 1 primary. The average ICSEA score is 1078, which is above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Holdfast Bay LGA is moderate at 4,021 incidents per 100,000 population.
From an investment perspective, Glenelg East offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +14.5% year-on-year.
Glenelg East is a smaller suburb in South Australia within the Holdfast Bay local government area (postcode 5045). With a population of 3,855, the suburb has an established demographic with a median age of 43. Households earn a median income of $87K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenelg East is $1.7 million, having surged 14.5% over the past year. The current median weekly rent is $582. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,950.
Glenelg East is served by 1 school, including 1 primary. The average ICSEA score is 1078, which is above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Holdfast Bay LGA is moderate at 4,021 incidents per 100,000 population.
From an investment perspective, Glenelg East offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +14.5% year-on-year.